Equity Broadcasting expands Univision affiliates to Nashville, Jacksonville and Waco.

Equity Broadcasting Corporation (“EBC”), which has entered into an agreement to merge with Coconut Palm Acquisition Corporation, announced today that it has entered into Asset Purchase Agreements for four new television stations. The
company will use these stations to bring Univision affiliates to three additional markets — Nashville, Jacksonville, Fla., and Waco, Texas. WGAP-LP, Channel 26, will serve as the Univision affiliate in Nashville.

EBC currently owns and operates 19 Univision and TeleFutura affiliates and these new acquisitions will bring the total to 22. The company hopes to have Univision programming on air in all three markets by January 2007.

Equity’s President and Chief Executive Officer, Larry Morton, said, “The success of Univision has been phenomenal, and we are excited about the opportunity to bring Univision programming to these fast growing Hispanic markets.”